Shrimp Feed - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The shrimp feed market was valued at USD 7.5 billion in 2025 and is projected to grow from USD 7.88 billion in 2026 to USD 10.22 billion by 2031, registering a CAGR of 5.35% during the forecast period from 2026 to 2031. This report is Segmented by Feed Type (Starter Feed, Grower Feed, Finisher Feed, and Functional/Medicated Feed), by Form (Pellets, Crumbles, Powder, and Liquid Feed), by Shrimp Species (Pacific White, Black Tiger, and Other Species), and by Geography (North America, South America, Europe, Asia-Pacific, Middle East, and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Shrimp Feed Market Trends and Insights

Rising Seafood Consumption and Protein-Rich Diet Demand

Global shrimp feed demand is supported by rising aquaculture output, with farmed shrimp production reaching around 6 million metric tons in 2025. The shrimp feed market has directly benefited as farmers increase stocking densities and adopt high-protein diets to accelerate grow-out cycles. Ecuador’s shrimp exports reached 1.39 million metric tons in 2025, with China accounting for approximately 48% of total shipments, underscoring Asia’s significant role in driving global shrimp consumption growth. Feed manufacturers are incorporating probiotics and immunostimulants to reduce antibiotic usage and comply with sustainability standards in the European Union and the United States.

Expansion of Intensive Shrimp Aquaculture in Key Regions

Indonesia is developing an integrated aquaculture hub focused on shrimp farming and feed production to decrease feed imports and enhance value chain efficiency. In 2025, Vietnam is focusing on expanding recirculating aquaculture systems in Ca Mau, particularly for shrimp farming, with an emphasis on obtaining Best Aquaculture Practices (BAP) certification. Similarly, China is adopting biofloc pond systems to enhance shrimp farming, aiming to improve water quality and feed utilization efficiency. Meanwhile, Ecuador's commercial shrimp farms are striving to optimize feed-conversion ratios, and pilot ponds in India for black tiger shrimp farming are setting new efficiency benchmarks.

Volatility in Fishmeal and Fish Oil Prices

Peru's fishmeal free-on-board quotations have been rising over the past few years. The prospect of lower supply in the final quarter created a "new normal" for higher fishmeal prices. In December 2025, fishmeal prices continued to rise, even with the revised USD 1.63 million mt quota. This is primarily due to reduced anchovy quotas, which constrained the supply of raw materials. China accounts for a significant share of global supply, maintaining a higher price floor than earlier levels. Avanti Feeds reported that domestic fishmeal prices have risen substantially over time. These price surges have compressed profit margins and driven a shift toward alternative protein sources such as soybean, insect, and single-cell proteins.

Other drivers and restraints analyzed in the detailed report include:

• Advances in Functional Additives and Immunostimulants Usage
• Adoption of AI-Enabled Precision Feeding Systems
• Disease Outbreaks Disrupting Shrimp Feed Demand

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Grower feed is projected to account for the largest market share of 45.5% in the shrimp feed market by 2025, as it corresponds to the longest production phase when daily feed intake is at its peak. The functional and medicated feed market size is projected to grow at the fastest CAGR of 9.0% from 2026 to 2031, driven by stricter residue limits in the United States and European Union, which encourage the use of additives that boost immunity. Starter formulas, while generating lower revenue, command premium pricing due to the high mortality risk during the initial days. Feed mills, such as Grobest, have reported field feed-conversion ratios below 1.3 when using proprietary functional ingredients, demonstrating the economic benefits that support their continued adoption.

Functional blends contribute to improved manufacturer margins. Vietnamese ponds utilizing beta-glucan fortified diets have demonstrated profitability, highlighting farmers' readiness to invest in disease mitigation strategies. In India, the growing production of black tiger post-larvae is projected to drive demand for nursery diets with customized amino acid profiles. While finisher diets remain a niche segment, they are being reformulated to enhance pigmentation and flesh firmness, attributes increasingly sought by premium retailers. These developments collectively signify a qualitative transformation in the shrimp feed market.

Complete Report Scope:

• By Feed Type
  • Starter Feed
  • Grower Feed
  • Finisher Feed
  • Functional / Medicated Feed
• By Form
  • Pellets
  • Crumbles
  • Powder
  • Liquid Feed
• By Shrimp Species
  • Pacific White
  • Black Tiger
  • Other Species
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
    • Rest of North America
  • South America
    • Brazil
    • Ecuador
    • Rest of South America
  • Europe
    • Germany
    • United Kingdom
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Vietnam
    • Indonesia
    • Rest of Asia-Pacific
  • Middle East
    • Saudi Arabia
    • United Arab Emirates
    • Rest of Middle East
  • Africa
    • Egypt
    • South Africa
    • Rest of Africa

Geography Analysis

In 2025, the Asia-Pacific region accounted for the largest market share of 70% in the shrimp feed market. This dominance was driven by China’s target and India’s increasing shift toward black tiger shrimp production. Vietnam introduced recirculating ponds, while Indonesia invested in a shrimp production hub, contributing to structural volume growth. Regional governments are promoting antibiotic-free protocols to meet European Union and United States market standards, encouraging the adoption of functional feeds. Multinational feed mills are expanding their capacities in China, Vietnam, and India, reinforcing Asia’s leading position in the shrimp feed market.

The African shrimp market size is projected to grow at a CAGR of 9.0% from 2026 to 2031. Tanzania’s World Bank-funded TASFAM program, launched in 2026, aims to expand aquaculture production, including shrimp output, while Egypt continues to dominate continental aquaculture. New feed plants in Nigeria and Kenya are reducing supply chain distances and freight costs, making commercial shrimp diets more accessible to small-scale farmers. With low baseline adoption, incremental capacity increases directly translate into new demand, positioning Africa as a key growth frontier in the shrimp feed market.

South America ranks as the second-largest shrimp feed market, with Ecuador achieving shipment growth in 2025. Precision feeding systems are becoming widespread, reducing feed conversion ratios and driving formulation improvements across the region. Brazil’s northeast coast is expanding semi-intensive shrimp ponds to meet domestic retail demand, while Central American farms are shifting toward value-added headless-shell-on shrimp packs, which require specific diet pigmentation. These advancements solidify South America’s position as the fastest-growing mature market for shrimp feed.

List of Companies Covered in this Report:

• Charoen Pokphand Foods Public Company Limited
• Cargill, Incorporated
• Skretting (Nutreco N.V.)
• BioMar Group A/S (Schouw & Co.)
• Guangdong Haid Group Co., Ltd.
• Tongwei Co., Ltd.
• Avanti Feeds Limited
• Grobest Holdings Limited
• Guangdong Yuehai Feed Group Co., Ltd.
• BernAqua NV
• Ridley Corporation Limited
• INVE Aquaculture Holding B.V.
• Uni-President Enterprises Corporation
• Thai Union Group Public Company Limited

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support